{"schema_version":"secwatch.filing_event.v1","accession":"0001185348-26-000019","form_type":"8-K","ticker":"PRAA","cik":"0001185348","company_name":"PRA GROUP INC","filed_at":"2026-05-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:32.041782+00:00","generated_at":"2026-05-14T21:25:03.903953+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"PRA Group Q1 2026: Net income $28.2M, cash collections up 11% YoY to $551.9M","bullets":["Net income $28.2M ($0.73 diluted EPS); cash collections $551.9M, up 11% YoY.","Portfolio revenue $313.5M (+16.6%); Adjusted EBITDA LTM $1.3B (+13.9%).","Portfolio purchases $220.9M; ERC $8.5B (+9.5%); credit availability $996M.","Operating expenses $211.3M, up $16.2M on higher legal collection costs; compensation and benefits down.","PRA 3.0 strategy ongoing: modernizing tech, launching UK mobile app, global AI initiatives."],"urls":{"canonical":"https://secwatch.observer/filing/0001185348-26-000019","json":"https://secwatch.observer/filing/0001185348-26-000019.json","markdown":"https://secwatch.observer/filing/0001185348-26-000019.md","text":"https://secwatch.observer/filing/0001185348-26-000019.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1185348/000118534826000019/0001185348-26-000019-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1185348/000118534826000019/praa-20260507.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-14T21:25:03.903953+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ae641d04a533d2a889819465647c83bf81ce5ce9","claim":"PRA GROUP INC reported first quarter of 2026 results: revenue $313.5 million, net income $28.2 million, EPS $0.73.","evidence_excerpt":"returns. • Changes in expected recoveries in Q1 2026 increased to $43.9 million, compared to $27.9 million in Q1 2025. • Total portfolio revenue in Q1 2026 increased 16.6% to $313.5 million, compared to $268.9 million in Q1 2025. Expenses 1. Reflects total cash collections in South America, Canada and Australia. • Operating expenses in Q1 2026 increased $16.2","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1185348/000118534826000019/0001185348-26-000019-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter of 2026"},{"label":"Revenue","value":"$313.5 million"},{"label":"Net income","value":"$28.2 million"},{"label":"EPS","value":"$0.73"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}